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Congressional Budget Office estimates US federal policies promoting EVs and other fuel-efficient vehicles will cost $7.5B through 2019; little or no impact on gasoline use and GHG in the short term

Green Car Congress

Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. For example, an average plug-in hybrid vehicle with a battery capacity of 16 kWh would be eligible for the maximum tax credit of $7,500. Source: CBO. Click to enlarge.

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. Electric cars currently account for about 6.5% of the country’s automotive sector.

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Audi slashes EV interest rates, but Tesla Y can cost a lot less

Baua Electric

2024 Audi e-tron GT However, most Model 3 and Model Y variants (apart from the base rear-wheel-drive Model 3) are eligible for a $7,500 federal tax credit , while no Audi EV is eligible for the credit under current rules that went into effect at the beginning of this year.

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Biden attends the Detroit auto show to further promote EVs

Setec Powerr

President Joe Biden (Joe Biden) attended the Detroit Auto Show on Sept. At this year’s auto show, Detroit’s three largest car companies will showcase a variety of electric vehicles. greeted Biden on the auto show floor. At the Detroit Auto Show, Biden also announced that electric vehicle purchases by the U.S.

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The Best Electric SUVs on the Market

EV Life

The Model Y qualifies for the full $7,500 federal EV tax credit. At the moment, the Mach-E only qualifies for half of the federal EV tax credit, providing eligible drivers a credit of up to $3,750. The Chevy Bolt EUV also qualifies for the full $7,500 federal EV tax credit. The other upside?

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2025 Nissan Leaf is now cheaper than Versa economy car

Baua Electric

Thanks to incentives, the 2025 Nissan Leaf is now the automaker’s cheapest model regardless of powertrain type, reports CarsDirect , undercutting the gasoline Versa economy car. That credit—$3,750 for the 2024 Leaf—is also available only to qualifying households, so the financing incentive may be more broadly applicable.

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Blazer EV price cut, Dodge electric muscle, Rivian R2 and R3: The Week in Reverse

Baua Electric

Which affordable EV regained its EV tax credit eligibility this week? Rivian on Thursday provided the most significant future-product preview since the debut of its R1 series trucks at the 2018 LA auto show. The 2024 Nissan Leaf is eligible for an EV tax credit of $3,750, the automaker confirmed mid-week.

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